ARM, ATIC and TI pump $48 million into server chip startup

EE Times reports a server chip startup named Smooth-Stone has received $48 from a group of investors, including ARM, ATIC and Texas Instruments. The money will apparently be used to develop ARM-based processors for data centers, to deliver high-performance at very low power usage levels.

The capital will be used to develop high-performance, low-power chips, said to ''change the server market and the makeup of data centers.'' Founded in 2008, Smooth-Stone (Austin, Texas) claims to bring ultra low power mobile phone technology to the datacenter.

The company has yet to announce a product, but it will most likely be based on ARM's technology. ''Smooth-Stone technology, combined with the industry-standard ARM architecture and tools, enables truly green datacenters,'' according to the firm.